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Struggling factories underline fragility of world growthManufacturing across the world stumbled last month, underlining the fragility of the global economy and building the case for more action from leading central banks. Gloomy purchasing managers indexes - surveys of factory activity More… |
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Oil rises above $112 on cbanks outlookBrent crude oil rose above $112 a barrel on Thursday, supported by renewed confidence that major central banks would keep taking steps to support the global economy. Brent crude for April delivery gained 19 cents to $112.06 a barr More… |
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Davos leaders uneasy over glut of easy moneyThe world is awash in easy money, with consequences that are starting to worry some central bankers and business leaders at the Davos World Economic Forum (WEF), though so far inflation fears seem overdone. With developed world go More… |
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Low growth seen for global markets in 2012An anemic recovery in the US, a technical recession in the UK, a struggling Europe, a suffering Japan and a sluggish performance in emerging markets count among the global markets outlook for 2013, said an expert. The issues facin More… |
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Central bankers debate action at key talksCentral bankers who traveled to the wilds of Wyoming to figure out if more policy action was needed to curb stubbornly high unemployment heard powerful arguments on both sides of the debate, and leave with many questions unansw More… |
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Central banks loosen monetary policyChina, the euro zone and Britain loosened monetary policy in the space of less than an hour on Thursday, signalling a growing level of alarm about the world economy, although suggestions of coordinated action were played down. Of the three More… |
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Gold gains, easing eyed after bleak dataGold edged higher on Tuesday, after weak manufacturing data across the globe rekindled hopes for more easing from central banks to support recovery. Gold thrives on abundant money supply and low interest rates, which increases inflation ou More… |
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Cbanks ready to combat Greek stormCentral banks from major economies stand ready to take steps, including coordinated action, to stabilise markets as world economies prepare for a possible financial storm or public panic after cliffhanger elections in Greece this weekend. More… |
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Central bank cash glut risks 'monetary anarchy'The scale of money printing in the West has become so massive that the world may fall prey to "monetary anarchy", with traces of bubbles appearing everywhere. At least that's what some critics see in the latest round of cash pumping by ma More… |
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Top cenbanks act to avoid liquidity crunchTop central banks around the world said on Wednesday that they would take steps to prevent a credit crunch among Europe's banks which are struggling to cope with the euro zone's debt crisis. The US Federal Reserve, the European Cen More… |
